Hitachi Completes Acquisition of GlobalLogic
TOKYO, July 13, 2021 / PRNewswire / – Hitachi, Ltd. (TSE: 6501, “Hitachi”) announced today that it has completed the acquisition of GlobalLogic Inc. (“GlobalLogic”) pursuant to the terms of the definitive agreement signed on March 31, 2021. As announced in the press release of March, 31st, Hitachi Global Digital Holdings LLC (“HGDH”), a US subsidiary of Hitachi, acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. (“GlobalLogic Worldwide Holdings”), the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH.
With more than 21,000 professionals working in engineering centers and design studios around the world, GlobalLogic specializes in advanced digital engineering, experiment design, and data services to help customers accelerate business innovation and the development of new digital products and experiences, through collaborative creation on a global scale. The acquisition of GlobalLogic will strengthen Hitachi Group’s ability to execute its strategy of promoting social innovation activities through digital technology to solve problems faced by customers and society. Additionally, Hitachi Group will be able to further accelerate the digital transformation of social infrastructure globally by expanding its core business of Lumada digital solutions globally.
GlobalLogic’s capabilities combined with Hitachi’s Lumada will enable GlobalLogic to deploy Hitachi’s vast library of digital solutions to the global marketplace and help customers and companies solve their problems through the development of agile applications in the global marketplace. cloud. In addition, Hitachi expects the collaboration between GlobalLogic and Hitachi’s five sectors: IT, Energy, Industry, Mobility, Smart Life and its Automotive Systems business (Hitachi Astemo) will add considerable value to its broad portfolio. of products, adding advanced digital technologies and creating new Lumada solutions. Through these efforts, Hitachi and GlobalLogic will work together to respond to the growing market for digital innovation and promote the global expansion of the Lumada business, thereby advancing Hitachi’s mission to increase social, environmental and economic value. customers by focusing on three key areas of Environment, Resilience, Safety and Security, and contributing to the achievement of a sustainable society.
“We are very happy to welcome GlobalLogic to the Hitachi group. Said Toshiaki Higashihara, Executive Chairman and Chief Executive Officer, Hitachi Ltd. “Hitachi aims to become a global leader in social innovation by accelerating the digital transformation of social infrastructure by combining the innovation of the advanced digital product engineering and experience design capabilities of GlobalLogic with the reliability that Hitachi has established in critical areas. Through collaborative creation with customers around the world, Hitachi and GlobalLogic will work together to solve the problems facing society and customers by leveraging Lumada and help improve people’s quality of life by focusing on three key areas of environment, resilience and safety and security. ”
“Joining the Hitachi Group creates a unique opportunity to bring together the power of Operations Technology (OT), Information Technology (IT) and IoT / digital engineering under one roof. ” Said Shashank Samant, President and CEO of GlobalLogic. “We are delighted to join forces with Hitachi and eager to forge our combined talent and experience in the domain and digital to create innovative results for our customers and greater value for society. “
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered at Tokyo, Japan, focuses on its social innovation activity which combines information technology (IT), operational technology (OT) and products. The consolidated turnover of the company for the financial year 2020 (closed March 31, 2021) totaled 8,729.1 billion yen ($ 78.6 billion), with 871 consolidated subsidiaries and around 350,000 employees worldwide. Hitachi strives to increase social, environmental and economic value for its customers in six areas; IT, energy, industry, mobility, smart life and automotive systems via Lumada, Hitachi’s advanced digital solutions, services and technologies to transform data into information to drive digital innovation.
Hitachi is a primary partner of COP26, playing a leading role in efforts to achieve a carbon-free society and become a climate change innovator. Hitachi strives to achieve carbon neutrality at all of its business sites by 2030 and achieve an 80% reduction in CO emissions2 emissions throughout the company’s value chain by 2050.
For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/hitachi-completes-acquisition-of-globallogic-301333173.html
SOURCE Hitachi Ltd.